10 Steps to Starting a Business
Starting a business involves planning, making key financial
decisions and completing a series of legal activities. These 10 easy steps can
help you plan, prepare and manage your business. Click on the links to learn
more.
Use these tools and resources to create a business plan.
This written guide will help you map out how you will start and run your
business successfully.
Take advantage of free training and counseling services, from
preparing a business plan and securing financing, to expanding or relocating a
business.
Get advice on how to select a customer-friendly location and
comply with zoning laws.
Find government backed loans, venture capital and research
grants to help you get started.
Decide which form of ownership is best for you: sole
proprietorship, partnership, Limited Liability Company (LLC), corporation, S
corporation, nonprofit or cooperative.
Register your business name with your state government.
Learn which tax identification number you'll need to obtain
from the IRS and your state revenue agency.
Register with your state to obtain a tax identification
number, workers' compensation, unemployment and disability insurance.
Get a list of federal, state and local licenses and permits
required for your business.
Learn the legal steps you need to take to hire employees.
Startup Resources
There are a number of available programs to
assist startups, micro businesses, and underserved or disadvantaged groups. The
following resources provide information to help specialized audiences start
their own businesses.
- Environmentally-Friendly "Green" Business
- Home-Based Business
- Online Business
- Self Employment
- Minority Owned Business
- Veteran Owned Business
- Woman Owned Business
You can save money when starting or
expanding your business by using government surplus. From
commercial real estate and cars, to furniture, computers and office equipment,
find what you need for your business in one place.